Global markets face volatility as Casablanca and Paris indices decline

Regional stock markets in Africa and Europe experienced significant volatility. In Morocco, the Bourse de Casablanca faced a technical incident that temporarily suspended trading sessions. Following the resumption, the MASI index saw a sharp decline of 2.18%, driven by profit-taking and heavy losses in the agricultural and insurance sectors. The mining sector was a notable exception, showing slight gains.

In Tunisia, the Tunis Stock Exchange remained relatively stable with the Tunindex finishing nearly flat. However, a major block transaction involving BIAT at a discount was a significant market event. Meanwhile, the Société Tunisienne de Banque (STB) reported a 59.4% drop in net profit for the first half of 2026, falling to 9.062 million dinars due to increased personnel costs and lower operating results.

In Tanzania, the Dar es Salaam Stock Exchange saw a surge in turnover, reaching 28.4 billion shillings. This growth was primarily driven by high-value activity in the government bond market, particularly 10-year and 20-year Treasury bonds.

In Europe, the Paris Bourse closed significantly lower, with the CAC 40 dropping 1.49%. This decline was attributed to rising French borrowing rates, which hit a peak not seen since 2008, and increased oil prices amid geopolitical tensions in the Strait of Hormuz.